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much of it in reaction to harry reid's dismal statement. i got an e-mail with it all in caps, the market is coming in on these headlines from harry reid. this matters, every word they say matters and white house press secretary jay carney was on the defense today. he pointed out as he had done yesterday that the president spoke on the phone with senate majority leader harry reid and john boehner over the weekend. and besides carney says, the president has to talk directly to the american people. >> it is vitally important that ordinary americans actively engage in this debate because the outcome of these negotiations and the hopeful product of these negotiations are the product that we hope emerges from these negotiations will profoundly affect their lives. >> so is the president, the missing ingredient to really nailing down a fiscal cliff deal? could he end the drama right now if he stayed put in washington and held a series of face-to-face meetings with reid, mcconnell, boehner, and pelosi instead of his planned meetings this week with s
much of it in reaction to harry reid's dismal statement. i got an e-mail with it all in caps, the market is coming in on these headlines from harry reid. this matters, every word they say matters and white house press secretary jay carney was on the defense today. he pointed out as he had done yesterday that the president spoke on the phone with senate majority leader harry reid and john boehner over the weekend. and besides carney says, the president has to talk directly to the american...
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Nov 28, 2012
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are you concerned about these comments from harry reid? >> i think you'll always get this sort of posturing. one of the things the republicans are waking up to is the vast majority of what's going to happen at the end of this year will affect what they want. when you look at it, it's 2/3 tax increases, 1/3 spending cuts. half of those spending cuts are going to come on the defense side. so you've only got 1/6 upsetting the democrats and 5/6 upsetting the republicans. the democrats are in a stronger porks i think it position. >> given the market reaction we saw yesterday is whether investors need to recalibrate their reaction that this will be resolved. if it's not, we know there will be economic fallout. but as it becomes more and more in the headlines, is there real risk that despite the improvement we've seen in consumer confidence, 9/11 busine -- even in business spending, that progress will be made. >> we think we're going to get a resolution. the fallout would be too great for either political party not to see a resolution of this. an
are you concerned about these comments from harry reid? >> i think you'll always get this sort of posturing. one of the things the republicans are waking up to is the vast majority of what's going to happen at the end of this year will affect what they want. when you look at it, it's 2/3 tax increases, 1/3 spending cuts. half of those spending cuts are going to come on the defense side. so you've only got 1/6 upsetting the democrats and 5/6 upsetting the republicans. the democrats are in...
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Nov 27, 2012
11/12
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harry reid, the democratic majority leader, wants to make some changes. debate has to start before a filibuster can begin. he might require any senator wishing to filibuster to stand up there and talk to which republicans are saying if you do that, we the minority are going to burn the place down. senator tom coburn of oklahoma saying, "i think the backlash will be severe. if you take away minority rights because that's what you're doing, you'll destroy this place. if you destroy the place, we'll do what we have to fight back." john cornyn says if democrats change the rules, it will shut down the senate, it's such an abuse of power. you might ask how their threats of a shutdown differ materially from the shutdown senate now when the minority will not allow a majority vote on anything giving them the power to control the senate. we called the two senators and asked specifically what they propose to do if they manage to tweak the filibuster. senator cornyn's office got back to us, but not with an answer. senator coburn did not respond, but he did give polit
harry reid, the democratic majority leader, wants to make some changes. debate has to start before a filibuster can begin. he might require any senator wishing to filibuster to stand up there and talk to which republicans are saying if you do that, we the minority are going to burn the place down. senator tom coburn of oklahoma saying, "i think the backlash will be severe. if you take away minority rights because that's what you're doing, you'll destroy this place. if you destroy the...
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Nov 29, 2012
11/12
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now the democrats are saying entitlement reform is off the table. >> greta: senator harry reid says the debt ceiling has to be part of it. it's too late to talk about that. it will hit the end of december, have an impact in february, when they hope to get tax refunds, and the government has no money. is there any way that you would vote to raise the debt ceiling? >> no. listen, what i would do, i'm not going to block it. what we need to do, is we need to restore confidence, remove the uncertainty in this economy. >> greta: what would you do? >> what i would do personally? >> greta: yes. >> democrats, last time we passed cut, cap and balance, which did increase the debt ceiling, but it had solutions to the problem. you know, a balanced budget amendment, limiting the sizes of government, and cut some spending. that was a valid -- that was a good plan. also increased the debt ceiling. we should do the same thing this time. democrats won't go along with it. i recognize that. i recommend we don't block them. we say, okay, you guys can increase the debt ceiling, but no more than a trillion do
now the democrats are saying entitlement reform is off the table. >> greta: senator harry reid says the debt ceiling has to be part of it. it's too late to talk about that. it will hit the end of december, have an impact in february, when they hope to get tax refunds, and the government has no money. is there any way that you would vote to raise the debt ceiling? >> no. listen, what i would do, i'm not going to block it. what we need to do, is we need to restore confidence, remove...
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Nov 29, 2012
11/12
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harry reid did a similar vein to the market a couple days ago. you can see how nervous investors are with the progress or lack thereof on the fiscal cliff in washington. connell: peter barnes has been covering it all from capitol hill. the attorney said i am here trying to resolve this. it is serious business. he would hope the white house would get serious as well. peter: no substantive progress in the last couple weeks in the discussions with the white house and then kind of taking a slap your at the president. he said this is a moment for adult leadership. the white house does have to get serious on spending cuts and entitlement reform. the republicans are trying to shift the discussion in this debate over to the spending that side. the entitlement reform side. the president hammering them on the tax side of it. especially spending, extending the bush tax cuts for the middle class. connell: are you noticing a difference? is that the way it is shaping up today that the democrats are more optimistic than the republicans because republicans do no
harry reid did a similar vein to the market a couple days ago. you can see how nervous investors are with the progress or lack thereof on the fiscal cliff in washington. connell: peter barnes has been covering it all from capitol hill. the attorney said i am here trying to resolve this. it is serious business. he would hope the white house would get serious as well. peter: no substantive progress in the last couple weeks in the discussions with the white house and then kind of taking a slap...
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Nov 28, 2012
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the president met with congressional leaders from both parties, but harry reid says there has not been much progress since then. mike emmanuel is on capitol hill. republicans are asking for changes to social security and medicare. any common ground? >> shep, in public, it does not sound like it. top republican leaders say if you want to avoid the fiscal cliff, you need to address the drivers of our debt. >> we know that the only way we can solve our long-term debt and deficit problem is to fix the unsustainable growth rates of our very popular entitlement programs. the president has from time to time indicated an openness to that. now is the time to actually do it. >> 42 business groups sent a letter to leaders of congress asking them to do tax reform to lower tax rates and also address entitlement reforms. >> shepard: democrats say they want more revenue, more taxes here. what about entitlement changes? >> well, any time you start talking about tweaking these programs, there are groups in washington around the country that mobilize to try and stop cuts. the number two senate democrat,
the president met with congressional leaders from both parties, but harry reid says there has not been much progress since then. mike emmanuel is on capitol hill. republicans are asking for changes to social security and medicare. any common ground? >> shep, in public, it does not sound like it. top republican leaders say if you want to avoid the fiscal cliff, you need to address the drivers of our debt. >> we know that the only way we can solve our long-term debt and deficit...
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Nov 29, 2012
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a talk with some of harry reid's constituents. jane, we downloaded from andrew's iphone showing mustang ranch. how is business in nevada? >> don't tell me wife. >> you're going to nienld out. it's rough. as we approach the fiscal cliff and harry reid's state has been slow. it's hit every industry in nevada and i mean every industry. >> how's business? >> it's been better. >> susan austin run as small business outside reno, nevada, but her business is different. it's a brothel. the legendary mustang ranch. >> this is one of our suites, the asian suite. austin thought the world's oldest profession would be recessionproof. not true. >> then went my high rollers. they discovered they didn't have the discretionary income and they couldn't play as hard as they used to. well that definitely dug into their wallets which definitely affected us. >> will the fiscal cliff impact the mustang ranch? >> well, if folks rub out of money and jobs, i suppose it could. >> gillman is a republican who is looking to nevada's powerful democrat harry reid
a talk with some of harry reid's constituents. jane, we downloaded from andrew's iphone showing mustang ranch. how is business in nevada? >> don't tell me wife. >> you're going to nienld out. it's rough. as we approach the fiscal cliff and harry reid's state has been slow. it's hit every industry in nevada and i mean every industry. >> how's business? >> it's been better. >> susan austin run as small business outside reno, nevada, but her business is different....
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reports while senate majority leader harry reid today said he is disappointed with the little progress made in recent debt talks according to stand b.c. now we know the u.s. public debt is just rocked is where the dollar collapse people like peter schiff have called for we asked them and who does warren buffett think would make a great treasury secretary charlie rose asked. according to me diamonds are good trades well i think either you or me to him and are going to be i think you'd be terrific because i think he i think he if we did run into problems with markets i think he would actually be the best person you could have been you know. what are we in an alternative alternate universe the london whale commander in chief would be a great person to graduate to the treasury oh my let's get to today's capital account . the directory that the us has been on printing money expanding the fed's balance sheet making money free since the financial crisis how some pundits are predicting hyper inflation but a funny thing happened on the way to hyper inflation the u.s. dollar index instead of col
reports while senate majority leader harry reid today said he is disappointed with the little progress made in recent debt talks according to stand b.c. now we know the u.s. public debt is just rocked is where the dollar collapse people like peter schiff have called for we asked them and who does warren buffett think would make a great treasury secretary charlie rose asked. according to me diamonds are good trades well i think either you or me to him and are going to be i think you'd be...
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Nov 28, 2012
11/12
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that's harry reid. that's what they say. that's nonsense. people take the pledge but the reason why most republican than a handful of democrats take the pledge is the only 10 to raise taxes. we just and the pledge of in the mail and people make that commitment and campaign on it and make it part of -- >> if you're running in a republican primary, it's very helpful to you, effectively difficult to run in a republican primary without signing it. they are in a box. the republicans, county and look for a way out of? >> no. which general have is a little so here's complicated bill. it's got a lot of moving parts. does it raise taxes? look, it's pretty clear in those cases. the important part of the pledge is it allows people to credibly commit they're not going to raise taxes and the people know who and what they are. is allowed john boehner and mitch mcconnell to govern recently. it's about the republican governors passed out ushers at the red states for the 24 states republican governors, republican legislature. blue are the 13 of 40 state spen
that's harry reid. that's what they say. that's nonsense. people take the pledge but the reason why most republican than a handful of democrats take the pledge is the only 10 to raise taxes. we just and the pledge of in the mail and people make that commitment and campaign on it and make it part of -- >> if you're running in a republican primary, it's very helpful to you, effectively difficult to run in a republican primary without signing it. they are in a box. the republicans, county...
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Nov 27, 2012
11/12
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meanwhile the white house says president obama called house speaker john boehner and harry reid this weekend for avoid efforts on fiscal cliff. on wednesday president obama will seek more input from top ceos, including gold man's lloyd blankfein and caterpillar's doug owner hill man. a number will travel to washington to try to reach a deficit cutting deal as part of the fix the debt campaign. so all things fiscal cliff still pre-dominate. we have a time clock that's quickly running out. how important is it that we get an agreement before the end of the year? >> this is like the debt ceiling argument. people got into a panic. that's something we even imposed on ourselves to decide that the debt shouldn't go too high. so it's not a bad thing. same with the fiscal cliff. what are we saying with the fiscal cliff? we're saying the economy might be revealed to be what it's actually doing because we'll take away the artificial supports because we think it's held any enough now to maybe after itself. that might entail a step drop because at the moment we're giving these tax breaks, but we'r
meanwhile the white house says president obama called house speaker john boehner and harry reid this weekend for avoid efforts on fiscal cliff. on wednesday president obama will seek more input from top ceos, including gold man's lloyd blankfein and caterpillar's doug owner hill man. a number will travel to washington to try to reach a deficit cutting deal as part of the fix the debt campaign. so all things fiscal cliff still pre-dominate. we have a time clock that's quickly running out. how...
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Nov 29, 2012
11/12
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he'll meet first with harry reid at 10:00 a.m. and then with house republicans including speaker john boehner, eric cantor and paul ryan. geithner will lunch with mitch mcconnell and then house minority leader nancy pelosi. president obama is signaling he's flexible on on where tax rates should go for the wealthiest americans. a return to the clinton era tax rates would have households pay between 36% to 39%. the president met with a group of 14 ceos wednesday afternoon. they offered support for resolving the if i can crisis with a proposal for higher taxes for those who make more than a quarter million dollars a year. sdl bo >> both sides have acknowledged that there will be revenue concessions and sbilgtment cent concessio concessions. i'm not a master of the political art here, but i would say if you have these point of views in a business context as close as they are, i would say a deal would be in reach. >> ford chairman bill ford junior agrees with blankfein saying he's confident the obama administration can reach a deal wit
he'll meet first with harry reid at 10:00 a.m. and then with house republicans including speaker john boehner, eric cantor and paul ryan. geithner will lunch with mitch mcconnell and then house minority leader nancy pelosi. president obama is signaling he's flexible on on where tax rates should go for the wealthiest americans. a return to the clinton era tax rates would have households pay between 36% to 39%. the president met with a group of 14 ceos wednesday afternoon. they offered support...
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Nov 28, 2012
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harry reid said republicans are holding up a deal on the so- called fiscal cliff. republicans said they do not understand why democrats are looking at changing the rules of filibusters. this is 20 minutes. >> we had a meeting with the four leaders up here at the white house, it went very well. the problem was that was before thanksgiving. and since that time, there has been little progress with the republicans, which is a disappointment to me. we only have a couple of weeks to get something done. we have to get away from the happy talk and start talking about specific things. and one month taxes are set to rise for all americans. we passed in the -- we passed in the senate a piece of legislation to protect people making less than $250,000 a year. we have rejected on a bipartisan basis the republicans' efforts to extend the tax cuts for everybody. those are the two majors we have dealt with on the senate floor. if we fail to reach an agreement, the average middle- class family will see their taxes go up by 2,200 a year. as i have indicated, the senate has acted to s
harry reid said republicans are holding up a deal on the so- called fiscal cliff. republicans said they do not understand why democrats are looking at changing the rules of filibusters. this is 20 minutes. >> we had a meeting with the four leaders up here at the white house, it went very well. the problem was that was before thanksgiving. and since that time, there has been little progress with the republicans, which is a disappointment to me. we only have a couple of weeks to get...
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Nov 28, 2012
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. >> senate majority leader, harry reid said today he remains hopeful congress can prevent fiscal cliff. he spoke to reporters in the capital. >> we had a meeting with the leaders appear in the white house. it went very well. the problem before thanksgiving after the election and since that time there's been little progress with the republicans, which is disappointing to me. they've talked happy talk about doing revenues, but we'll never couple weeks to get something done. so we have to get away from the happy talk and start talking about specific things. in one month, taxes are set to rise for all americans. we passed in the house -- i'm sorry, we passed in the senate a piece of legislation to protect people making less than $250,000 a year. we have rejected on a bipartisan basis the republicans effort to extend tax cuts for everybody. those are the measures we've dealt with on the senate floor. if we fail to reach an agreement, the average middle-class family will see their taxes go up by $2200 a year. as i've indicated, the senate has acted to stop that analysis one vote away from ma
. >> senate majority leader, harry reid said today he remains hopeful congress can prevent fiscal cliff. he spoke to reporters in the capital. >> we had a meeting with the leaders appear in the white house. it went very well. the problem before thanksgiving after the election and since that time there's been little progress with the republicans, which is disappointing to me. they've talked happy talk about doing revenues, but we'll never couple weeks to get something done. so we...
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Nov 28, 2012
11/12
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>> harry reid doesn't get it. the pledge isn't to me but the american people. if you are a congressmen or senator, you can say 20 different changes in the tax code in spending, look at this, this isn't a tax increase but a good piece of legislation, you should be happy and people look back and say yeah. it's not only a test the day you pass it and obama explains what's in the bill, bush explained what was in the 1990 tax increase, only spending-cut bill and made it sound pretty good. but when the iraq war wound down , people said massive permanent tax increase and phony spending cuts. spending wept up and not down and your tax increases hurt the economy. the economy is bad. so it's got to pass the lap test not just the moment it happens but between now and the next several sessions. >> so i hear in what you're saying considerable wiggle room. i hear you saying that republicans should not negotiate with themselves, should push for the best deal that they can get, but you aren't here as a deadeneder, you're not saying that people should go off the cliff just beca
>> harry reid doesn't get it. the pledge isn't to me but the american people. if you are a congressmen or senator, you can say 20 different changes in the tax code in spending, look at this, this isn't a tax increase but a good piece of legislation, you should be happy and people look back and say yeah. it's not only a test the day you pass it and obama explains what's in the bill, bush explained what was in the 1990 tax increase, only spending-cut bill and made it sound pretty good. but...
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Nov 27, 2012
11/12
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harry reid still hasn't passed a budget now in four years in washington d.c. he'd rather play games with the republican budgets than pass a budget of his own. it's time the democrats came to the table. and the republicans need somebody to stand up. may i suggest george h.w. bush stand up and tell the people what really happened to him in 1990, 1992, and that george w. bush stand up and really stop taking the blame for what happened in the economy and put it where it belongs. we need the two former presidents to stand up just like the three presidents today that are democrats are bashing the bush administration, bashing their economy. they need to not wait for history to tell the story, they need to tell the story themselves. megyn: but george w. bush, who lowered taxes, did spend a lot. he was a spender, and gave us the medicare, you know, prescription drug program that we didn't really have the funding for, and that added to our deficit and to our debt, and then president obama came in and, you know, passed health care and passed the stimulus plan and said we
harry reid still hasn't passed a budget now in four years in washington d.c. he'd rather play games with the republican budgets than pass a budget of his own. it's time the democrats came to the table. and the republicans need somebody to stand up. may i suggest george h.w. bush stand up and tell the people what really happened to him in 1990, 1992, and that george w. bush stand up and really stop taking the blame for what happened in the economy and put it where it belongs. we need the two...
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Nov 29, 2012
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that is colbert territory, harry reid. that's nonsense. people take the pledge. the reason why most republicans and handful of democrats take the pledge is they don't intend to raise taxes. we send the pledge out in the mail and people make that commitment and make it part of their campaign. >> if you are running in a republican primary, it would be difficult to run in a republican primary without sin signing it. does someone come to you and look for a way out? >> what you generally have is, you have a complicated bill which has a lot of moving parts, does it raise taxes? it's pretty clear in most cases. the important part of the pledge is it allows people to credibly commit they aren't going to raise taxes and people know who and what they are. boehner and mcconnell have governed easily. they aren't going to raise taxes and allowed the republican governors or the 24 states with a republican governor and republican legislature, depending on how you count new york, 13, 14 states have a democratic governor and house and senate and there you see the red states are n
that is colbert territory, harry reid. that's nonsense. people take the pledge. the reason why most republicans and handful of democrats take the pledge is they don't intend to raise taxes. we send the pledge out in the mail and people make that commitment and make it part of their campaign. >> if you are running in a republican primary, it would be difficult to run in a republican primary without sin signing it. does someone come to you and look for a way out? >> what you generally...
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Nov 26, 2012
11/12
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and this is something that i -- especially on social security, we have seen senate majority leader harry reid said let's not mess with social security, signals from the white house indicating they're not going to touchdown social security, maybe medicare, medicaid, but not social security and republicans will say, wait a minute, you're not serious. we're giving ground on revenue, you got to give ground on spending. and, brooke, i think the biggest thing here is that this bill, if they get a bill, is going to be so unpopular because it is going to raise taxes and it is going to cut benefits and getting the votes to pass this is going to be enormously difficult. >> you bring up the benefits issue. let me run through this, because it brings us back to the possibility of no deal whatsoever. again, on the automatic tax increases come january 1. we're talking about a lot of stuff here. the bush era tax cuts expire. as does the president's so-called payroll tax holiday on social security deductions, follow along with me, the so-called marriage penalty returns full force, you also have extended
and this is something that i -- especially on social security, we have seen senate majority leader harry reid said let's not mess with social security, signals from the white house indicating they're not going to touchdown social security, maybe medicare, medicaid, but not social security and republicans will say, wait a minute, you're not serious. we're giving ground on revenue, you got to give ground on spending. and, brooke, i think the biggest thing here is that this bill, if they get a...
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Nov 24, 2012
11/12
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reid is not for the. at the state level -- you think taxing high income people does not affect growth? we are having an experiment. california. it is called maryland. i don't see any reason why we do not wait two years and see how california is doing with their new higher marginal tax rates on folks. and sales taxes on middle income people as well. illinois raising income taxes and sales taxes and maryland's -- a millionaire's tax for those -- they cannot leave because they are federal workers -- and those making a million dollars and walk across the border. they are testing obama's theories in the states. i think they should do it on a small state like vermont first and see how it works. but they wanted to california so we are doing california. texas and florida will give you an idea of how you can govern without an income tax -- not a 13% income-tax. people move. the kind of know what will happen -- indiana passed right to work, cutting taxes, giving half the kids in the state school choice, a voucher,
reid is not for the. at the state level -- you think taxing high income people does not affect growth? we are having an experiment. california. it is called maryland. i don't see any reason why we do not wait two years and see how california is doing with their new higher marginal tax rates on folks. and sales taxes on middle income people as well. illinois raising income taxes and sales taxes and maryland's -- a millionaire's tax for those -- they cannot leave because they are federal workers...
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Nov 28, 2012
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boehner nor senator majority leader harry reid. in a position to make it happen. >> i think that's right. when the time comes, if we get to the time where a grand bargain of, you know, big deal that would take care of the nation's fiscal challenges for the next 10 or 20 or 30 year, the president will have to be the one who lays it all out and he's argued for a balanced approach, has offered, you know, $3 in spending cuts to every $1 in tax increases. what he campaigned on. he's in a good position to make that case. not -- the moment is not right exactly right now but i think when we get there he's going to be the one that will have to frame the whole thing up. >> we saw the polls yesterday and harold, that if this doesn't work out, people are going to blame and it seems republicans will take some of the blame. i think people are beginning to look for movement from both sides but would be upset if it didn't happen with a republican party. >> it has to work out in some form or another. hopefully it's a long-term solution or patchwork
boehner nor senator majority leader harry reid. in a position to make it happen. >> i think that's right. when the time comes, if we get to the time where a grand bargain of, you know, big deal that would take care of the nation's fiscal challenges for the next 10 or 20 or 30 year, the president will have to be the one who lays it all out and he's argued for a balanced approach, has offered, you know, $3 in spending cuts to every $1 in tax increases. what he campaigned on. he's in a good...